Online ticketing

Baring Vostok invests $6 million in high-tech travel booking platform

July 22, 2021

Level.Travel, a Russian platform for searching and booking tours online, has raised $6 million from Moscow-based PE/VC giant Baring Vostok, in exchange for a minority stake. Previous investor Guard Capital, a Moscow-based VC, is keeping its stake in the company’s capital. No further details of the deal were disclosed. Founded ten years ago by Dmitry Malyutin, Ellin …

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EBRD provides rescue financing to Travelata and other Russian portfolio companies

April 10, 2020

The European Bank of Reconstruction and Development (EBRD) has provided finances to a Russian company for the first time in more than five years under its emergency coronavirus support fund. The EBRD stopped making active investments in the country in 2014, following Western sanctions stemming from the events in Ukraine and Crimea. The group has also wound …

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Russian ticket marketplace Eticket4 raises $1 million

November 8, 2019

The Russian p2p ticket marketplace Eticket4 has agreed a $1 million investment deal with a group of individual investors, including David Izraelov and other unnamed business angels. The capital injection will be made in several stages based on a $2.8 million company valuation, reports VC.RU. Earlier this year, in July, the startup sold 13% of its stock …

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Russian ticket marketplace Eticket4 secures funding from Hong Kong

November 8, 2019

The Russian p2p ticket marketplace Eticket4 has sold 13% of its stock to Hong Kong-based GTSystem International in exchange for a $325,000 capital injection. The whole project was estimated at $2.5 million, Russian business daily Kommersant reported, citing exchanges with company founder Daniil Kruchinin. According to the official company register, the deal took place on July 4. Kruchinin …

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Yandex acquires e-ticketing system to double its market share

July 30, 2019

In a move to increase its share of the Russian e-ticketing market, Yandex, the NASDAQ-listed Russian Internet giant, has acquired the exclusive rights to the e-ticketing system called TicketSteam. The financial details of the deal,  reported by business daily Kommersant, were not disclosed. According to InterMedia news agency director Yevgeny Safronov, Yandex’s share of the e-ticketing market …

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Swedish investor VNV invests $4 million in Busfor

February 15, 2019

Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …

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Tinkoff acquires stake in ticket sales company Kassir.ru

July 18, 2018

TCS Group Holding, a major provider of online retail financial services in Russia known as Tinkoff, has acquired a stake in leading ticket sales company Kassir.ru. Neither the size of the stake nor the terms of the transactions were disclosed. Kassir.ru’s existing personnel or existing operations will not be affected by the transaction, Tinkoff stated. Kassir.ru claims to …

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MTS acquires two event ticketing companies, aims for market leadership

February 19, 2018

Last week MTS, a leading Russian mobile operator, announced the acquisition of a 100% share in Ticketland.ru and a 78.2% share in Ponominalu.ru, two leading event ticket operators in the Russian market. MTS says it expects to establish itself as a leading ticket operator in Russia. The deal “will allow the company to broaden its …

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Baring Vostok and Elbrus Capital acquire additional stakes in online ticketing service Busfor

January 23, 2018

InVenture Partners, a major Moscow-based fund, has sold its share in Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine. The news was reported earlier this month by Russian business daily Vedomosti. The stake was acquired for an undisclosed amount by private equity funds Baring Vostok Capital Partners and …

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